HomeCGESmall Savings Schemes Interest Rates from October to December 2019

Small Savings Schemes Interest Rates from October to December 2019

- Advertisement -

Small Savings Schemes Interest Rates from October to December 2019

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

Office Memorandum

North Block, New Delhi
Dated: 30.09.2019

Subject : Revision of interest rates for Small Savings Schemes.

On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since is’ April, 2016. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2019-20 starting from 1st October, 2019 and ending on 31st December, 2019 shall remain unchanged from those notified for the second quarter (1st July, 2019 to 30th September, 2019) of financial year 2019-20.

- Advertisement -

2. This has the approval of Finance Minister.

(Sunil Chandhari)
Deputy Secretary ( Budget )

Signed Copy

Small Savings Schemes Interest Rates from October to December 2019

Instrument Rate of interest w.r.t. 01.04.2019 to 30.06.2019 Rate of interest w.r.t. 01.07.2019 to 30.09.2019 Compounding frequency*
Savings Deposit 4.0 4.0 Annually
l Year Time Deposit 7.0 6.9 Quarterly
2 Year Time Deposit Quarterly
3 Year Time Deposit Quarterly
5 Year Time Deposit 7.8 7.7 Quarterly
5 Year Recurring Deposit 7.3 7.2 Quarterly
5 Year Senior Citizen Savings Scheme 8.7 8.6 Quarterly and paid
5 Year Monthly Income Account 7.7 7.6 Monthly and paid
5 Year National Savings Certificate 8.0 7.9 Annually
Public Provident Fund Scheme 8.0 7.9 Annually
Kisan Vikas Patra 7.7 (will mature in 112 months) 7.6 (will mature in 113 months) Annually
Sukanya Samriddhi Account Scheme 8.5 8.4 Annually

* No Change

 

Free Email Subscription Click here
Follow us on small-facebook-icon  Facebook Click here
Follow us on twitterTwitter Click here
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest